Analysts revise Rivian stock price target

Though Rivian (NASDAQ: RIVN) had been on a steady decline along with much of the electric vehicle (EV) industry since the start of 2024, the EV maker received a massive boost late on June 25 – one which saw the stock rocket as much as 50% in the pre-market on June 26.The major rally was driven by the news that the German automaker Volkswagen (ETR: VOW3) is making a $5 billion investment in RIVN focused on helping the former with its software challenges and the latter in the development of a lower-cost elect ...